The NZDUSD keeps its negative stability – Analysis - 26-07-2021
Economies.com
2021-07-26 03:52AM UTC
The NZDUSD pair settles below 0.7000, to keep the negative pressure valid for the upcoming period, supported by stochastic negativity, waiting to head towards 0.6900 initially, noting that breaking this level will extend the bearish wave to reach 0.6810 as a next target.
On the other hand, we should note that breaching 0.7000 and holding above it will stop the negative scenario and lead the price to start recovery attempts on the intraday and short term basis.
The expected trading range for today is between 0.6900 support and 0.7000 resistance
The expected trend for today: Bearish
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